QQQ vs ZSQR: Correlation
Invesco QQQ Trust (QQQ) and Z Squared Inc. (ZSQR) show a weak relationship: their 3-year correlation of weekly returns is 0.10.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and ZSQR?
Across a 3-year window, the weekly returns of QQQ and ZSQR correlate at 0.10, weak. Lately the two have moved closer together, with the 1-year correlation at 0.29 versus 0.10 over 3 years. Stretching to 5 years gives 0.10, with an annualized covariance of 201.9 %².
Among the 4755 assets we track against QQQ, ZSQR ranks #3872 by 3-year correlation. The last year tells two different stories: QQQ led by 94.5 percentage points, +26.3% for QQQ against -68.2% for ZSQR. One caveat on sizing: ZSQR is 5.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
QQQ vs ZSQR: side by side
| QQQ (Invesco QQQ Trust) | ZSQR (Z Squared Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -68.2% |
| 5-year return | +95.4% | -97.9% |
| Volatility (ann.) | 19.6% | 98.5% |
| Beta vs S&P 500 | 1.28 | 0.28 |
| Max drawdown (3Y) | -22.8% | -89.7% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | ZSQR |
|---|---|---|
| 2022 | -32.6% | -84.7% |
| 2023 | +54.9% | -48.8% |
| 2024 | +25.6% | -64.9% |
| 2025 | +20.8% | +159.1% |
| 2026 | +17.7% | -70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and ZSQR good diversifiers for each other?
Yes. With a correlation of 0.10, QQQ and ZSQR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and ZSQR?
The QQQ/ZSQR correlation stands at 0.10 on a 3-year window (1 year: 0.29, 5 years: 0.10), computed from weekly returns as of 2026-08-27.
Is ZSQR a good diversifier for QQQ?
Yes. With a correlation of 0.10, QQQ and ZSQR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.10 mean?
On the −1 to +1 scale, 0.10 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-zsqr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-zsqr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · ZSQR correlations
